SafeWallet is now the default mode on Vent, giving you a more stable and secure way to store, manage, and spend your funds. This means your Vent experience now begins with SafeWallet, a safer, steadier way to manage your funds, without the guesswork that usually comes with holding money in a volatile market.

SafeWallet has always been available on Vent. What’s changed is that it’s no longer just an option. It’s now the foundation of how Vent works for everyone, from first-time users to people who’ve been with us since day one.

If you’ve ever sent crypto to your wallet and watched its value shift before you even got to spend it, you already understand why this matters.

Key Takeaways

• SafeWallet is now the default mode on Vent, replacing EasyPay as the default experience for all users starting September 1.
• Your funds are stored as vUSD, a stable digital balance backed 1:1 with reserves.
• vUSD protects you from volatility, shielding your funds from crypto price swings and local currency devaluation.
• You can withdraw your vUSD as crypto or Naira whenever you need to.
• You can fund SafeWallet with crypto or cash, giving you flexibility in how you top up.
• vUSD is already spendable on airtime and data bundles, with more spending options  coming soon.
• EasyPay is still available for anyone who wants instant crypto conversion straight to their bank account. Just switch modes anytime.

What Does This Mean for You?

With SafeWallet as your default mode, your funds are stored as vUSD, Vent’s stable digital balance, backed 1:1 with reserves. 

Every unit of vUSD in your wallet is matched by real reserves behind it. That’s what makes it stable. It’s not tied to the ups and downs of the crypto market, and it doesn’t lose value overnight because of currency depreciation.

vUSD is designed to protect your funds from:

• Crypto price volatility
• Local currency devaluation 
• Unnecessary value fluctuations

Whether you fund your wallet with crypto or cash, SafeWallet takes the unpredictability out of holding money. You put value in, and it stays there, steady, until you decide to spend or move it. And stability doesn’t mean your funds are stuck. Whenever you’re ready, you can withdraw your vUSD balance as crypto or straight to Naira, on your terms. For anyone who’s ever had to think twice about when to cash out, or watched the Naira lose ground overnight, this is the peace of mind SafeWallet is built to give you.

Use Your vUSD for Everyday Payments

SafeWallet isn’t just about keeping your money safe. It’s about making that money useful in your everyday life.

Right now, your vUSD balance can already be used on Vent to:

• Buy airtime
• Purchase data bundles

It’s a small but important start, the kind of everyday spending that shouldn’t require you to think about market swings first.

And this is only the beginning. We’re actively working on bringing more everyday payment options to Vent, including:

• Electricity payments
• Cable subscriptions
• Power payments
• Flight payments

With more services coming soon, the goal is simply to make Vent a place where your money doesn’t just sit. It works for the things you actually need to pay for, every single day.

Need Instant Crypto Conversion? EasyPay Is Still Available

While SafeWallet is now the default mode, you still have the flexibility to switch to EasyPay anytime. EasyPay is built for users who want instant crypto conversion, no holding required.

With EasyPay:

• Your crypto deposits are instantly converted
• Funds are sent directly to your personal or business bank account
• You don’t need to hold a crypto balance at all

Think of it this way: SafeWallet gives you stability. EasyPay gives you speed. You’re not locked into one or the other. You can choose the mode that fits how you want to move your money, and switch whenever your needs change.

A New Default for a Bigger Vision

Making SafeWallet the default mode is more than a change in settings. It’s part of a bigger vision to make digital money easier, safer, and more useful for everyday life, especially in markets where currency stability isn’t something people can take for granted.

By combining stable balances, secure storage, and an expanding range of payment options, Vent is building a more reliable way for you to save, spend, and manage your funds, without having to become crypto experts to do it.

This is just the beginning. More features, more payment options, and more ways to make your money work for you are on the way.

Frequently Asked Questions

What is SafeWallet on Vent?

SafeWallet is a secure way to store and manage your funds on Vent. When you fund your wallet with crypto or cash, your balance is stored as vUSD, a stable digital balance backed 1:1 with reserves.

Is SafeWallet now the default mode on Vent?

Yes. Starting September 1, SafeWallet became the default mode for all Vent users. Previously, EasyPay was the default, converting crypto deposits instantly into Naira.

What is vUSD and is it stable?

vUSD is Vent’s stable digital balance. It is backed 1:1 with reserves, meaning every unit of vUSD is matched by real reserves. This protects your funds from crypto price volatility and Naira devaluation.

Can I still use EasyPay after this update?

Yes. You can switch to EasyPay mode anytime. In EasyPay, your crypto deposits are instantly converted and sent directly to your bank account, with no need to hold a crypto balance.

Can I withdraw my vUSD?

Yes. You can withdraw your vUSD balance as crypto or as Naira whenever you want. SafeWallet only keeps your funds stable while they sit in your wallet.

What can I spend my vUSD on?

You can currently use your vUSD balance to buy airtime and data bundles. More payment options, including electricity, cable subscriptions, power, and flights, are coming soon.

How is SafeWallet different from EasyPay?

SafeWallet stores your funds as stable vUSD, protecting them from market volatility. EasyPay instantly converts your crypto and sends it straight to your bank account, with no funds held on the app.